News Centre

FIX Trading Community Publishes Guidelines To Facilitate Efficient Communication Of Client Information To Emerging SEFs

Date 26/09/2013

FIX Trading Community, the non-profit, industry-driven standards body at the heart of global financial trading, today published recommended guidelines for the efficient electronic communication of client entitlement information between broker-dealers and the emerging Swap Execution Facilities (SEFs) set to launch shortly.

UK’s Financial Conduct Authority Fines Clydesdale Bank £8.9 Million For Failing To Treat Its Mortgage Customers Fairly

Date 26/09/2013

The Financial Conduct Authority (FCA) has fined Clydesdale Bank (Clydesdale) for failing to inform its customers clearly of their rights after the bank miscalculated the repayments on over 42,500 mortgages.

Council Of The European Union: Lithuanian Presidency Heads Towards More Safety And Soundness In The Activities Of Central Securities Depositories

Date 26/09/2013

The Permanent Representatives Committee (Coreper II) has on September 25 confirmed the agreement on legislation aiming at improving the securities settlement in the EU and at creating common regulatory framework for the central securities depositories. The general approach on the Central Securities Depositories Regulation gives the Lithuanian Presidency of the Council the mandate to start negotiations with the European Parliament with a view of reaching a first reading agreement.

CFTC Approves Tullett Prebon’s Swap Execution Facility

Date 26/09/2013

Tullett Prebon plc, one of the world’s leading interdealer brokers, today announces that the Commodity Futures Trading Commission (“CFTC”) has granted temporary registration of Tullett Prebon’s swap execution facility (“SEF”), tpSEF Inc. (“tpSEF”).

TMX Atrium Upgrades Frankfurt To Amsterdam Route - Further Enhancing The TMX Atrium European Connectivity Fabric

Date 26/09/2013

TMX Atrium, provider of smarter infrastructure solutions for the financial community, today announced the completion of an upgraded connectivity path from Frankfurt into Amsterdam.  The enhanced path boosts opportunities for clients looking to trade between the liquidity centres of Frankfurt and Amsterdam, as well as out to locations such as Moscow and London.  

Regulatory Harmonization, Not Imperialism: A Workable Cross-Border Framework - Keynote Address By CFTC Commissioner Scott D. O’Malia, The Global Forum For Derivatives Markets (34th Annual Burgenstock Conference), Geneva, Switzerland

Date 26/09/2013

Thank you very much for the kind introduction and for inviting me to speak here today.

These certainly are fascinating times in the world of derivatives, and it’s good to see so many people gathered here to discuss and debate the numerous pressing issues facing the industry today.

MarketAxess SEF And Traiana Complete Live Trade With Pre-Trade Credit Checks

Date 26/09/2013

Traiana and MarketAxess SEF Corporation today announce the completion of the first live credit default swap (CDS) index trade using Traiana’s CreditLink service as the credit hub to verify pre-trade credit limits. JP Morgan acted as the clearing member for the major buy-side participant on the trade.

London Stock Exchange Group Plc Pre-Close Period Update

Date 26/09/2013

Commenting on performance for the period, Xavier Rolet, Group Chief Executive, said:

“The Group continues to make good progress, with good operational  performance in particular at FTSE, in primary markets, fixed income and in OTC clearing at LCH.Clearnet.  We are focused on the ongoing development of our diversified business, including the opportunities at LCH.Clearnet, the expansion of our settlement and custody offering, development of our MTS Swaps service and sales of MillenniumIT software to global customers. In addition, we have seen exciting growth from SwapClear, as it continues to develop its interest rate swap clearing business in the US and elsewhere.

“We are well positioned in a wide range of businesses, and in a number of growth markets, and remain firmly focused on the execution of our strategy.”

NASDAQ OMX Introduces Trading In Actively-Managed Funds

Date 26/09/2013

NASDAQ OMX (NASDAQ: NDAQ) today introduces trading in Actively-Managed Exchange Traded Funds (ETFs) in Sweden and Finland. Actively-Managed ETF is a new type of product in the Nordic countries and aims for greater return on investment through active management, compared to passively-managed ETFs which track a predefined index.

IntercontinentalExchange To Launch ICE Swap Trade For OTC Energy Markets - Offering Creates Seamless Transition To ICE SEF

Date 25/09/2013

IntercontinentalExchange (NYSE: ICE), a leading operator of global markets and clearing houses, announced that it will provide trade execution services for its financially settled, bilateral over-the-counter (OTC) energy markets through ICE Swap Trade, ICE's swap execution facility (SEF), which is expected to launch on October 2, 2013.